“China is in the driver’s seat of global M&A” says a PwC consultant referring to the amount of merger and acquisition activity by Chinese companies abroad this year. This may well be the perception at the moment, especially in the view of some of the major targeted countries like the US and the UK.
But while Chinese companies hungry for new technology and skills are venturing abroad in unprecedented numbers, foreign investors are still gobbling up China faster than their Chinese counterparts are buying up the rest of the world.
All of which is highlighted by the latest figures of foreign direct investment in China for July. FDI rose by 19.8 per cent to $8.3 billion from a year earlier.